KLX Energy Services Holdings, Inc. (KLXE) Earnings Call Transcripts
KLX Energy Services Holdings, Inc.'s Latest Earnings Call - Q1 FY2026
KLX Energy Services Holdings, Inc. reported its Q1 2026 earnings, highlighting a challenging quarter due to seasonal and weather-related disruptions. Revenue was $145 million, at the lower end of their guidance, and adjusted EBITDA was $11.1 million, maintaining an 8% margin. The company expects a significant improvement in Q2, forecasting revenue between $162 million and $172 million. Management noted a shift towards gas-directed activity, with the Northeast/Mid-Con segment showing strong year-over-year growth. Guidance for the second half of 2026 remains optimistic, particularly in oil-weighted basins.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $145 million (miss) |
| Adjusted EBITDA | $11.1 million (inline) |
| Net Loss | $24 million (miss) |
| SG&A Expenses | $15.4 million (beat) |
| Northeast/Mid-Con Revenue | $52.5 million (beat) |
| Southwest Revenue | $53.6 million (miss) |
Guidance from management
Management forecasts Q2 2026 revenue between $162 million and $172 million, with expected improvements in all segments. They anticipate adjusted EBITDA margin expansion due to higher activity and better overhead absorption.
What analysts pressed on
Analysts questioned the impact of weather disruptions on Q1 results and the significant sequential improvement expected in Q2. Concerns were also raised about the sustainability of margins in the Southwest segment and the potential impact of lower natural gas prices on future growth.
Main topics on the call
- Seasonal and Weather Impacts — Q1 2026 was affected by typical seasonal patterns and disruptions from winter storm Fern, which delayed completion jobs and pushed over $5 million of revenue into Q2. Management expects Q1 to be the low point for the yea...
- Northeast/Mid-Con Performance — The Northeast/Mid-Con segment led with a 28% year-over-year revenue increase and adjusted EBITDA of $10.9 million, nearly quadrupling from Q1 2025. This was driven by sustained gas-focused activity.
- Southwest and Rockies Outlook — The Southwest segment experienced softness due to a declining Permian rig count, but management expects a rebound in Q2. The Rockies were impacted by winter seasonality but are forecasted to improve sequentially.
- Cost Management — SG&A expenses were reduced by 29% year-over-year, reflecting structural cost actions. Management aims to maintain or reduce SG&A levels below 2025 rates.
Read the full KLX Energy Services Holdings, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About KLX Energy Services Holdings, Inc.
KLX Energy Services Holdings, Inc. (KLXE) is a publicly listed company in the Energy Equipment and Services industry, within the Energy sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 30 calls on record spanning March 9, 2020 to August 11, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 30 KLX Energy Services Holdings, Inc. earnings call transcripts on record, spanning March 9, 2020 to August 11, 2026. Based on this history, KLX Energy Services Holdings, Inc. reports quarterly. The most recent call on file is dated August 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- KLXE
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Energy
- Industry
- Energy Equipment and Services
- Calls on record
- 30
- First call
- March 9, 2020
- Most recent
- August 11, 2026
- Reporting cadence
- quarterly